Varun Beverages’ quarterly result for December 2023 is out now. Everyone is looking for more information about the quarter release for Varun Beverages Q3 results 2024. The company made good YoY growth this quarter with the dividend announcement for ₹1.25% per equity share. The company deals with various carbonated and non-carbonated drinks for PepsiCo. They also sell packaged drinking water. VBL made a 76% rise in the profits. Let us explore more about Varun Beverage’s quarterly results below.
Varun Beverages q3 results 2024 will be discussed here. In the past months, the company made a good quarter and yearly growth. The sales saw a spike of 20.5% reaching ₹2667.70 Crore. The EBITDA rose to 36% YoY. In Q3 2023, the company made around ₹2,266 crore in revenue reaching ₹2,740 crore in the current quarter. The market expected the company to make a revenue of ₹2,500 Crore. The expenses for the previous year were ₹2,176 Crore which increased to ₹2,552 Crore. However, the expenses for the previous quarter were ₹3,288. It declined in the current quarter.
Varun Beverages made a net profit of ₹81 crore in Q3 2023 rising to ₹144 Crore for the current year. The year-on-year basis was reported to be good. However, the quarter results for Varun Beverages saw a decline. It reached from ₹514 Crore to ₹144 crore. The Earnings per Share (EPS) is expected to be 1.16. However, the company was able to make up to 1.02 only. It increased on a YoY basis from 0.58 to 1.02. The previous quarter reported 3.85 EPS which fell to 1.02.
Varun Beverages Limited saw a growth in the share price by 1.61% on its result release date. Its current share price is ₹1,306.45 per share. The market cap is ₹1.69 Lakh Crore with a 52-week high of ₹1,380. It opened at ₹1,289.50 with a previous close of ₹1,285.75. The shares are expected to rise further. The speculations are that the share price can reach up to ₹1330 by the weekend.
Varun Beverages is working on improving its different areas and spending money wisely. The quarter 2 was the best performance of the company this year. It might have been seeing a shortfall in its performance based on its quarterly fall. However, the yearly growth is all right. We hope you get enough details about Varun Beverages Q3 results 2024 above.